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Astaire Gardens by BPTP in Sector 70A, Gurgaon

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Astaire Gardens by BPTP in Sector 70A, Gurgaon

Last updated: June 24 2019
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  • #81

    #81

    Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

    good one

    Comment

    • #82

      #82

      Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

      Anthea:
      Open car parking
      No lift
      4BHK is available in 460 Sq yard, pedestal in 371 Sq yard...

      Comment

      • #83

        #83

        Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

        Originally posted by Infralytics View Post

        @sumitleekha
        I think you have got the gist of this subvention scheme - that it is possession linked right from the launch!

        I have invested in this property and could vouch that this is a wonderful opportunity as an investment option or an investment option whichever way you see it, purely on financials let alone that it is a low density premium integrated township with only low rise construction, including 50 acres earmarked for the luxury visionare villas.

        I will try to reason this out by giving a small illustration for both end users and investors, assuming that BPTP will most likely give possession for this unit in 4 years (delay of 1 year):

        For Home Buyers

        Lump Sum Price (2BHK) = 95,44,872
        Basic Price = 85,46,099
        Area = 1080 sft
        Rate per sft = 7913
        Interest Payment discounted by BPTP = 4 years x 11% per annum x 75 Lacs Loan (~80% of 95 Lacs) = 30,00,000
        Interest Subvention translated into discount per sft = 30,00,000 / 1080 = 2777
        Effective Purchase Rate = 7913 - 2777 = 5135 per sft

        For Investors

        Assuming a conservative 10% annual growth rate for this property for the next 4 years and showing the ROI calculations for 15 Lacs (~15% of 95 Lacs) invested in 2 BHK, please see the ROI calculations in the attached image.

        Happy investing!!

        and Congrats to @smahipal
        Are tension mat lo. Bptp ke sath invest kiya hai apne. Saari calculations dhari reh jaengi because if its culture movement. Wait and watch.

        Comment

        • #84

          #84

          Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

          Originally posted by Infralytics View Post
          @sumitleekha
          I think you have got the gist of this subvention scheme - that it is possession linked right from the launch!

          I have invested in this property and could vouch that this is a wonderful opportunity as an investment option or an investment option whichever way you see it, purely on financials let alone that it is a low density premium integrated township with only low rise construction, including 50 acres earmarked for the luxury visionare villas.

          I will try to reason this out by giving a small illustration for both end users and investors, assuming that BPTP will most likely give possession for this unit in 4 years (delay of 1 year):

          For Home Buyers

          Lump Sum Price (2BHK) = 95,44,872
          Basic Price = 85,46,099
          Area = 1080 sft
          Rate per sft = 7913
          Interest Payment discounted by BPTP = 4 years x 11% per annum x 75 Lacs Loan (~80% of 95 Lacs) = 30,00,000
          Interest Subvention translated into discount per sft = 30,00,000 / 1080 = 2777
          Effective Purchase Rate = 7913 - 2777 = 5135 per sft

          For Investors

          Assuming a conservative 10% annual growth rate for this property for the next 4 years and showing the ROI calculations for 15 Lacs (~15% of 95 Lacs) invested in 2 BHK, please see the ROI calculations in the attached image.

          Happy investing!!

          and Congrats to @smahipal



          I think you assumption of 4 years for possession is not correct. Considering what I have seen, I have a floor in this community, I think you will get possession in maximum 2 years. I will not be surprised if you get it in 18-20 months also. Just giving you heads up.. so that you don't get shocked.

          I invested in this project 2 years back and I have paid 100% amount now. There were few minor construction delays in the beginning. I am sure those issues are resolved now. But I think this new offer of 15% at booking and 85% at the time of possession is a good sign for the project. This shows confidence from builder that project can be completed quickly.

          Comment

          • #85

            #85

            Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

            Hi seniors,
            ANy one who has invested in this property, Please let me know. (Pedestal Subvention scheme)

            Comment

            • #86

              #86

              Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

              Hi

              I have invested in this , did you already invested or planning to invest

              Thanks
              Sachin

              Comment

              • #87

                #87

                Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

                Originally posted by SINGHVN3 View Post
                I think you assumption of 4 years for possession is not correct. Considering what I have seen, I have a floor in this community, I think you will get possession in maximum 2 years. I will not be surprised if you get it in 18-20 months also. Just giving you heads up.. so that you don't get shocked.

                I invested in this project 2 years back and I have paid 100% amount now. There were few minor construction delays in the beginning. I am sure those issues are resolved now. But I think this new offer of 15% at booking and 85% at the time of possession is a good sign for the project. This shows confidence from builder that project can be completed quickly.
                Paying 100% in 2 years doesn't amount to getting possession in 2 years, I presume the possession of floors, which you have is at least an year away I believe! Also they would want to give possession after the approach via 60 mtr to the sector is sorted out. So will you. Though hearing +ve things from you on the development is actually a confidence booster.

                Agreed, there is no incentive for the builder to delay the pedestal floors project, specially in this possession linked subvention. I just factored in a delay of 1 year, which is quite common in this market, if it were to happen. As @sumitleekha mentioned, the more a builder delays it, the better it is in this scheme

                Comment

                • #88

                  #88

                  Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

                  Thanks S MAHIPAL
                  I am thinking of buying 4 hk for end use.
                  Kindly suggest if this is good option for end use. Keeping in mind security and approach in next 3-4 years time.
                  Is floor better or Multistory apartment?
                  Thanks

                  Comment

                  • #89

                    #89

                    Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

                    @eidilp let me ans this for you

                    I have observed that choice between a high-rise and independent floors is a personal choice. Some people especially elders are not fond of high-rises and they like to stay closer to ground. In past Floors have suffered due to:
                    - ownership issues, where govt. had stopped registry for the ones which were sold on GPA.
                    - they were often not part of gated townships like the case with floors in SL 2. Even if they were like Ardee City, they had lot of big and small builders doing individual construction. The whole complex wasn't owned and developed by a single builder. This led to lack of accountability on the development and maintenance of the township as a whole.
                    - they lacked 100% power back-up facility which is so needed in Gurgaon
                    - they lacked lift facility, and most families with elderly people wouldn't get ground floors easily and at decent prices.

                    But now with BPTP's Astaire garden, Unitech Nirvana County 2 and MGFs Emerald Hills etc most of the things above are getting addressed and i believe floors are back in contention.

                    Coming back to BPTP's pedestal floors, i have bought it as a long term investment due to its possession linked subvention, i do believe it is a good option for end use too.

                    - It is a part if 100 acre integrated township which will have only villas and low rise floors. Thus it will be low density living which is always sought after.
                    - With half of the township earmarked for luxury villas, you will have a good upscale neighborhood. I am sure that this factor will also influence the security parameters apart from it being a gated complex. Much like Nirvana Country as we see today.
                    - The approach is going to be fantastic with a 60 mtr wide roads connecting it to SPR from 2 sides. One 60m road will further go down and connect it to the 90 m wide road running parallel to SPR.
                    - I have looked at the location of 4 bedroom units, it is a really good location alongside villas and on 24m arterial road.
                    - The township will have all modern amenities like power-backup, club, school, commercial etc which I am sure you will already be aware about.
                    - Finally the product on offer is also unique with subvention till possession that will save you interest (emi) cost for 3-4 years depending whether you get possession on time or with delay.

                    Comment

                    • #90

                      #90

                      Re : Astaire Gardens by BPTP in Sector 70A, Gurgaon

                      Hi Infralytics

                      Can you share below information

                      1. Did you get any discount on the property under subvention scheme, if it is 2BHK?
                      2. i have paid the booking amount 9 lakh on 31st July , what is the next step?
                      3. Did you get any allotment letter so far , if not when it is expected

                      i hope keeping one another informed will help us in dealing with builder, thanks in advance

                      Thanks
                      Sachin

                      Comment

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